Libya's National Oil Company (NOC) and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients.
The head of the Tr
China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves arou
Saudi Arabia's central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems.
Previously, under an informal industry arrangement customers could o
China's central bank said on Tuesday that it will use various monetary tools to maintain appropriate levels of liquidity in the second half of this year .
It added that the country's main economic indicators are steadily i
Authorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday.
Saudi Arabia's central bank said it expected stable inflation in the second quarter of this year, with weak global commodity prices offsetting any upward pressure due to seasonal demand.
"Some commodity prices could see a
Net foreign assets at Saudi Arabia's central bank dropped 4.7 per cent from a year earlier in March to SR2.590 trillion ($690.6 billion), their lowest level since July 2013, central bank data showed on Wednesday.
The central b
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor said, a sign the Gulf powers remain committed to propping up the Egyptian economy.
Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday, and the currency remained steady on the black market.
The central bank has kept the official exchange rate steady
Qatar remains fully committed to its currency peg to the US dollar and is not reviewing its currency policy, central bank governor Sheikh Abdullah bin Saud Al-Thani said on Wednesday.
"We are fully supporting the peg and will